Bitcoin

April

Million

<p>On Tuesday, Bitcoin ETFs in the U.S. recorded a massive <a href="https://farside.co.uk/btc/" target="_blank" rel="noreferrer noopener nofollow">$870 million inflow</a> as Bitcoin’s price rallied toward its all-time high. Leading this influx, BlackRock’s IBIT ETF attracted $629 million, followed by Fidelity’s FBTC and Bitwise’s BITB, which also saw substantial investor interest. Bitcoin briefly touched $73,000—the highest since March—stirring speculation about a potential $80,000 target in November.</p>   
<p>What's driving this explosive growth, and what does this mean for the markets? Read on for the details. </p>   
<h2 class="wp-block-heading" id="h-blackrock-leads-in-etf-inflows">BlackRock Leads in ETF Inflows</h2>   
<p>Among top-performing ETFs, BlackRock’s IBIT ETF brought in $629 million, while Fidelity’s FBTC added $133 million and Bitwise’s BITB $52 million. These inflows contributed to a total trading volume of $4.75 billion—the highest since March. BlackRock’s IBIT ETF has shown steady growth for 12 straight days, accumulating $3.2 billion since October 10, reflecting <a href="https://coinpedia.org/news/bitcoin-price-today-rallies-above-73k-is-84k-within-reach/" target="_blank" rel="noreferrer noopener">Bitcoin’s strong recent performance</a>.</p>   
<p>The ETF inflow spike signals growing investor confidence in Bitcoin, especially with the <a href="https://www.youtube.com/watch?v=aP2Q_7rzNs0&amp;pp=ygUadXMgZWxlY3Rpb24gMjAyNCBjb2lucGVkaWE%3D" target="_blank" rel="noreferrer noopener">upcoming U.S. elections</a>—a time often associated with increased market volatility. Options trading data indicates some traders expect Bitcoin to hit $80,000 in November, adding to the short-term optimism around Bitcoin’s growth potential.</p>   
<h2 class="wp-block-heading" id="h-fomo-drives-etf-demand">FOMO Drives ETF Demand</h2>   
<p>Bitcoin’s 3% gain on Tuesday, which brought its weekly increase to 7.7%, triggered “Fear of Missing Out” (FOMO) among investors. Bloomberg analyst Eric Balchunas highlighted the unusual trading volume in an uptrend, as high volumes usually accompany market declines. </p>   
<p>BlackRock’s IBIT ETF alone recorded $3.3 billion in trades, showcasing strong interest from investors aiming to capitalize on Bitcoin’s recent rise.</p>   [post_titles_links postid="374089"]   
<h2 class="wp-block-heading" id="h-bitcoin-price-analysis">Bitcoin Price Analysis</h2>   
<p>Currently, <a href="https://coinpedia.org/news/bitcoin-price-today-rallies-above-73k-is-84k-within-reach/" target="_blank" rel="noreferrer noopener">Bitcoin is inching closer to its all-time high</a>, with analysts watching key technical levels. BTC briefly crossed $73,000 on Tuesday, its highest since March, as it tested a crucial resistance range.</p>   
<p>Following the April Bitcoin halving, BTC has mostly traded between $54,147 and $69,500 in a consolidation phase. Now, as Bitcoin hovers near the $72,635 support level, many traders believe that holding this level could pave the way for a new all-time high.</p>   
<p><strong>With Bitcoin on the brink of a breakout, investors are holding their breath—will it soar to new heights or settle back down? Only time will tell!</strong></p>

Bitcoin ETFs Hit Record $870 Million Led by BlackRock’s IBIT Amid BTC Price Rally

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